In July the Bank of England and the Financial Conduct Authority (FCA) jointly released a discussion paper on operational resilience. The paper highlighted the risks posed by cyber attacks and other disruptive operational incidents, and the financial system’s increasing reliance on technology and data. The paper urges firms to focus on how their response to…

Disaster recovery is becoming increasingly complex in the face of new challenges and threats, including terror threats, data breaches, supply chain risk, extreme weather events and political factors such as Brexit. There are internal factors influencing this, too. Organisations are becoming increasingly vulnerable to change and uncertainty as they become more complex, virtual and interdependent,…

What do we mean by digital transformation? It can be described as “the profound transformation of business and organisational activities, processes, competencies and models to fully leverage… a mix of digital technologies and their accelerating impact… in a strategic and prioritised way, with present and future shifts in mind.” This suggests two important things about…

In July, Cutover graduated from the New York Fintech Innovation Lab and CEO Ky Nichol pitched to a room full of Lab associates and partner banks on Demo Day. We got a great introduction from Timothy Bhatt, CTO at Ally Financial and one of the mentors we worked with while participating in the Lab. …

In the age of DevOps, Agile and continuous integration, major outages should be a thing of the past. If everything is automated and continually delivering, how can anything go catastrophically wrong? The truth is that most major organisations are nowhere near this DevOps utopia and still carry out major upgrades and migrations which heavily rely…

Organisations have struggled for a long time over the asymmetry of risk when implementing change. Even when contributing to a single goal, multiple parties coming together to enact a change will bring with them different and often conflicting agendas. For example, when those making the change have no control over how it operates and those…

In the ‘third wave’ of Fintech, financial services are working more closely with fintechs and using them to outsource parts of their value chain, such as payments. Although this collaboration can be hugely beneficial for banks and their customers, it does raise the question of how security will be affected. The risk associated with cyber…

Executing critical enterprise events can be incredibly stressful and, for those involved, place a lot of pressure on both their professional and personal lives. For managers, there is also a high level of personal and professional risk in accepting accountability for the success or failure of the event. Critical events include IT Release Management, Crisis…

Have you ever wondered why IT outages result from making changes to critical IT systems? Why CEOs of major institutions are regularly on the news apologising? It’s not due to these institutions lacking capable people or not taking things seriously, it’s due to the fact that the act of making a change to a critical IT system…

Godesic Limited (“Cutover”) a company registered in England and Wales under registration number 08220852whose registered office is at 9th Floor, 107 Cheapside, London, EC2V 6DN, UK.Cutover’s VAT number is 153559691.